Area Median Income and Income Verification


Eligible Counties Only

Note that only eligible counties are listed below. Refer to Colorado Housing and Finance Authority and Housing and Urban Development for the limits by county if your location is not an eligible disaster impacted county.


Area Median Income and Your Household Income

Awards in the Housing Recovery Program will be based on the income level of the household. Income is calculated at the time of application. AMI is Area Median Income and is a calculation completed for all counties and household sizes across Colorado. The Area Median Income (AMI) varies by County and is dependent on household size. 

Find the Area Median Income limits that apply to you (effective 05/29/2024).

Verification of Household Income and Size

Household income verification is based on the following:

  • Most recent Federal Tax Return, W2’s, 1099’s and K1’s (Provide 2 years if self employed)
  • Income Verification (e.g. 30 days of pay stubs, current SSI/disability/Pension award letter, 2022 P&L if self-employed, etc.)
  • Adjusted gross incomes will be recorded for all household members over 18 years old and not full-time students and combined to calculate total household income.
  • Source documentation will be obtained and third party verification will be used as needed to verify income.

If a Form 1040 from the prior year is unavailable then supporting documentation will be required, as applicable:

  • Wages: 2 or 3 consecutive pay stubs.
  • Retirement/Social Security benefits.
  • Rental income.
  • Unemployment benefits.
  • Court ordered alimony/spousal maintenance.
  • Taxable interest and dividends documentation for other less common types of income.

For your household income level, please use adjusted gross income from IRS form 1040. The 1040 form is used to identify the sources of an applicant’s income. Projected income will primarily be determined by the additional documentation. The definition of 1040 income can be found in the IRS definition. This will give you a ballpark estimate of your income but we will analyze your 1040 and additional income documents to calculate your actual income earned. Once you have your household income level, it will be compared with the area median income for your county.

The State will use HUD’s HOME Program guidelines in determining household size at 24 CFR 92. HUD guidelines state that, as a general rule, you must include “all persons living in the unit” when determining your household size.


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